
Help for homeowners made redundant
Story by: Sharon Flaherty, FTAdviser
The worst of house price falls in London could be over, according to London estate agent, Marsh & Parsons.
Lloyds TSB has announced today (5 December) the main elements of its multi-brand banking strategy once the proposed acquisition of HBoS completes in January 2009.
The home guarantee scheme proposed by the government this week (3 December) aimed at limiting repossessions is unlikely to bring the housing market correction to an end, industry members have warned.
Abbey has announced that it will pass on the full 1 per cent base rate cut to all of its variable rate mortgages, including all flexible deals, from the start of January.
Intermediary mortgage lenders are already being pro-active in helping borrowers in arrears through these tough times and in some cases have reduced monthly payments, says the Intermediary Mortgage Lenders Association (IMLA).
Rob Clifford, former chief executive of Mortgageforce, is to join Virgin Money UK as managing director.
The Financial Services Authority (FSA) has published a consultation paper proposing a far-reaching overhaul of liquidity requirements for banks, building societies and investment firms.
House prices fell another 2.6 per cent in November, bringing house prices to £163,605 in line with July 2005 levels.
Rob Clifford stepped down from his position as chief executive of Mortgageforce yesterday (3 December), with Kevin Duffy taking over as managing director.
Mortgage lenders have been warned by the FSA that they must not make the terms of their tracker deals unfair as the base rate falls.
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What would be the point of a further base rate cut? In the last couple of days I have been inundated...